Settlement Is Latest in a String of Monetary Payouts for Shareholders in Merger-Related Lawsuits

Leucadia National Corp. agreed to pay $70 million to former Jefferies Group Inc. shareholders to settle allegations it underpaid when it bought the investment bank two years ago.

The agreement was filed Tuesday with the Delaware Court of Chancery, after the parties reached a preliminary agreement late last year. It is the latest in a string of monetary payouts for shareholders in merger-related lawsuits, which typically don’t...